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...coalfields of Wyoming to consumers in California. Peabody Energy, the nation's largest coal company, with 2005 sales of $4.6 billion, up 28%, and earnings of $423 million, up 140%, is in acquisition mode worldwide. The Bush Administration has put down its own $2 billion bet, largely by pursuing FutureGen, a next-generation coal- fired plant promising near zero pollution emissions--all in the hope of making the nation less oil dependent...

Author: /time Magazine | Title: Is Coal Golden? | 10/2/2006 | See Source »

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